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christiane amanpour and candy crowley. all at the same table. >>> the economy is climbing back. i'm christine romans. the economy is growing at the fastest pace since the beginning of 2012. driving growth? businesses. do they expect demand from consumers to surge and what happens if consumers are not buying? another critical sector to watch, housing. sales of new homes up 25% in october. the sharpest gain in 35 years. positive jobs numbers show the economy is healing. 203,000 jobs added in november. the u.s. on track now to create the most jobs since 2005. the jobless rate lowest in five years. stock market may have taken a breather, but it is a banner year for stocks. 25% of americans hold three quarters of all stocks. many americans are more concerned where the next meal is coming from than the 401(k). fast food workers striking against poverty wages. the economy, jobs, minimum wage. that is the president's agenda for the next three years. alex is the business director and chairman of the economic advisers. also with me is a former adviser to presidential candidate mitt romney.
are in the middle because you what the economy to improve but not want to the fed to stop totally but yet you want to show it is getting better because sees earnings have to grow so the goldilocks scenario is the underlying growth would pick up and yet pick up later but then not have a crash when the rates go higher. dennis: you say the stocks go down with good news because we are scared of they will tie ended? but today they went up triple digits is there such an attitude to where i think the economy will go okay? >> fortunately a part of that is the investors are confident coming back to the stock market. it will go up even just people thinking it is up. >> what did you think of the report today? >> solid but not spectacular. to reduce thousand jobs is a good bumper but every other indicator was positive. most importantly we saw improvement of the for sandage other americans in the workforce. i was happy with this report but we should not be celebratory i remember in the '80s and '90s we had five budgets thousand jobs in one month but it there is no such styles as to get the jobs created. i woul
and a very favorable way for wall street despite the expectation that a growing economy will lead to the end of the federal reserve easing money policies. first to the economy, the november jobs report showed an unemployment rate of 7%. that is the lowest monthly unemployment rate since the december before president obama took office. the economy beating expectations , creating more than 200,000 jobs last month. with september and october payroll numbers also revised higher. the labor force participation rate ticked up for the first time in nearly five years. after hitting a 35 year low in october. and the total number of people out of work including the unemployed and the under employed dropped by more than a million people last month. those job gains and a broad range of industries, including higher paying sectors like manufacturing and construction, which added 27,000 new jobs alone last month. wall street today indicated investors may now be prepared to bid adios to quantitative easing despite lingering fears that the better reserve will quit its easing money policies in. the doubt -- do
scalp. >>> after five years of stops and starts, the u.s. economy may be in a steady recovery. the unemployment rate is the lowest in five years. home sales and price rsz up. stocks are rising. gas prices are falling. not everyone is feeling it though. a new cnn poll shows that a quarter of the public believes things are getting better. nour ten say it's getting worse. joining me now kevin hasset, former economic adviser to m.i.t. romney and annie lowry and mark zandy, chief communist from moodies an lit ikz. thank you all for joining us. so is this real? the worst has happened? and we're on the road to recovery? yes? >> yes. i think that we're clearly in a strong recovery now. if you look at the inflection and data over the last couple months, it's really the best couple of months i've seen since the great recession began. consumer confidence is soaring. auto sales jumped up to 16.4 mill dwron above the 16 million which is like the 98.6 for the economy. everything is looking good. it's that rare moment where we seem to be right on the verge of a recovery. >> wow. could someth
they know that these sanctions have absolutely crippled that economy. and so, what we would risk doing here in implementing a new round of sanctions is not just screwing up the negotiation, but sending a message to the iranian people, who are frankly way more pro-american than people might think -- >> right. >> -- that we aren't really serious about ultimately doing the deal they want. the hard-liners are isolated right now in iran, and we are, frankly, going to empower them if we show up at the table in the middle of these short-term negotiations with a new round of sanctions that even though they may take place in the future. this is about building confidence with the negotiators on the iranian side but also the iranian people. >> there's a political dimension to this. one of the polls we have, which is from reuters ipsos, on support for this deal show 2-1 support for it, which i was heartened to see. that doesn't necessarily reflect what i saw necessarily in the pundit class. but there's another moral dimension to this. i've heard a lot of people, along with some of your colleagues and c
, but no one predicted the markets would react this week. there was worries that an improving economy would lead the fed to taper early, burr the stock market rallies big and the bond market barely moves. cyclical sectors were strong and even the interest rate sensitive groups had a good day. we closed at the highs. but what about the taper fears? remember bond yields had moved up from 2.5% at the end of october to about 2.9% today. most traders haven't changed their position, that tapering is unlikely to start before january at the earliest and it will be gentle when it starts. finally, janet yellen will believe to enforce that tapering is not tapering, like changing the unemployment threshold they have been talking about. larry, back to you. >>> all right, many thanks to bob pisani. now, it looks like more and more like obama care is failing so badly that a bailout is already in the works for the nation's biggest health insurance companies. and that's because of what many are calling the perfect storm. not enough young people enrolling, too many older and sicker people signing up, also th
to the economy and will i make as much money next year and will i have a job. so all of these things and it seems to be more so on people's minds because confidence numbers are dropping and that is a trend that we are seeing since the beginning of october. neil: that has been what you believe, right? >> a lot of people are expecting health care costs to rise another new tax that will calm on consumers. there are a lot of things that have hit the economy, concerns about the government shutdown, concerns about his health care plan, that has translated into not a lot of new jobs. a lot of the numbers have been disappointing and people see that. for people that are working and haven't lost their jobs, they probably feel confident that they can go out and spend some money for the christmas season. but no one is feeling gregarious because there is a lot of uncertainty about the economy and at the same time, we have a 7% consumer savings rate and that is all the way down to 2% now. what we are seeing is consumers have chipped away at any savings they have had and have very few bullets left in the chambe
forward, not only the turnaround in the united states in the terms of the economy but the globe. the only thing that concerns me about the emerging markets is if the feds does start to taper back what is that going to do to those emerging markets and are they at more risk as a result of a fed pullback? >> any kind of rise in interest rate is going to kill in emerging markets. we've seen that so far. here's what i'm optimistic about. maybe an early budget deal, maybe obama care gets less messy. little optimistic maybe. maybe the economy gets better incrementally. here's the thing the thing is going to turn on. can janet yellen pull off the great deal, convince the world tapering is not tightening? does she have that power and influence? that's the wildcard. >> i don't think -- see i think the market will make that decision, because we've seen that with ben bernanke and the current fed. they've tried to say taper isn't tightening but the market is going to make that interpretation and that's going to be the struggle for the fed next year. >> the honeymoon will be very short, very short hone
for it with those fees much more incremental. that helps reduce fiscal drag on the economy. my information is about the same as yours but with one important difference. the sequester doesn't end in 2015. the sequester is slated to keep going through, i think, 2021. >> yes. >> while this would definitely change the sequester for a couple of years, it does at least in terms of current law come back. >> once you break it, you own it. i was in the grand rudman days. once you break it, you own it. it's interesting, dave, i accept the fact that the defense hawks didn't want the sequester, some budget movement has to occur. whether these user fees go through or not remains to be seen. but it's interesting because my friend jared bernstein and all his colleagues at the congressional budget office told us how bad it would be if we actually used the sequester and had budget caps, how it would damage the economy, how it would kill 700,000 jobs. and what's interesting, it didn't kill 700,000 jobs. actually jobs are rising. actually i venture to say in true milton friedman free market art laffer economies, i th
? >> very much like peter said, many want more evidence the economy is indeed strong enough that they feel comfortable to pull back a bit because the last thing they want to do is pull back and have to reverse course. they stop asset purchases twice before only to come back in again. they don't want that to happen. december is a tough time to start tapering. a lot of people are on vacation, the market is very thin. the last thing they would want to do is potentially make a move leading to an exaggerated reaction in the bond market because again you have this. it will be a 2014 story. cheryladam: why not the january meeting? is that too soon? speak a lot of people have turned their forecast focus to . you don't have it press conference afterwards. you can always announce the decision to start doing press conferences after every meeting and that would put january into play. between the leadership transition, the fact they will not be doing new forecasts. we are looking for a very weak fourth-quarter gdp number. could only be half to 1%. adam: let me play devil's advocate. gdp in the last qua
if this fragile economy had any legs. now we're seeing those legs. one thing i was really encouraged by was the slight increase in labor force participation rate. you can see that across a lot of h-cohorts. the only one that went down was initial one 16 to 25. other than that the other cohorts they were rising. that sort of increase lakreescrease legitimizes increase. >> and people retiring who might have stayed in the labor force during the recession. things look like better. they're retiring. the unemployment being where it is may stay down there despite the upward pressure may not be as high as some thought. haum more months before we hit 6.5% on the unemployment rate? >> i have believed for a long time we'll see 6.5% unemployment rate by the fourth quarter. keep in mind, even with today's federal reserve flow of funds data showing another record increase in household network worth. a lot of people that lost money in the financial crisis they got it back and are even ahead of the game and they're feeling more comfortable. this they want to retire they're retire.
will boost the economy by more than 3%, cut the deficit by almost $200 billion over ten years, savings from new workers, new businesses and new taxpayers. those numbers were not lost on the party's fiscal hawks. >> i'm not aware of any trade association, any major or minor business group that doesn't recognize we need more people, business, and fiscal workers. >> and they recognized the historic vote, with the republican party's renewed political life. >> i know that everything is not going to change in a year. but if we don't start now we're not going to have anymore success in four years, eight years or 12 years. >> joining me now back in this reality, is the president of the national council. based on the surprising staffing choice, janet, this staffing choice, staffing choice of members of congress don't normally make news, but this one did. it got tons of attention, the senators tweeting congratulations. why all the hubub about a staffer? >> well, i think it is important, as somebody who worked on capitol hill, i understand how important staff can be. there is no question that the spea
. the economy generated 203,000 new jobs in november, and the unemployment rate fell to its lowest level if five years. the expectation was to see a build of about 180,000 jobs, so this, obviously, was much better than expected. look aa the market rally we have on our hands. investors apparently shrugging off concerns that the strong jobs number might hasten the fed's tapering of its bond-buying purchases. in the past that's concerned the markets, but look at the dow jones industrials. yes, it is up about 185 points, but earlier it gained some 200 points, the session highs. the first 200-point gain in about seven weeks. a similar story with the s&p 500. the s&p enjoying its biggest gain in four weeks. right now it's seeing a jump, pretty significant here of 19 points. just a minute ago it was up to, so it's -- up 20, so it's hovering at really strong levels here. general motors cruising to new highs it hasn't seen in more than five years. why? well, the new word is out that the automaker could ship an increased number of vehicles made in south korea, where are they shipping? to australia. so the
more positive news on the economy, lower on the statement that the fed will real in the stimulus. nicole petallides on the floor of the stock exchange on track for a fifth day of declines. nicole: we come off of the lurch and worth noting technology stocks, and attack have been nasdaq moved into the green moments ago for the nasdaq. up four points at 2,049. the s&p and the dow have down arrows. 15,823, and the loss is just 24 points. keeping an eye on the fear index, some strength in retailers, and what the fed will be doing. j.c. penney under pressure again, topsails coming in for j.c. penney and the lot of analysts say those 6 months are they're looking at markets, whether or not they believe some funding for next year. cheryl: thank you. huawei adam: the world's largest carrier may be carrying the iphone according to the wall street journal's china mobile, will likely author the phone later this month so what does this mean for companies? with more details and to break it down. >> to give some perspective, seven hundred million subscribers, the number of users of verizon in th
with confidence. i like this, it's good for the economy, but it's not enough to say we're on the verge of a consumer breakout here. >> all right. but we're going in the right direction. >> exactly. >> watch mort again rates. something we're going to watch carefully. >> absolutely. thanks, steve. >>> the stock bond kumbaya comes amid the question what will a drop in fed stimulus mean for stocks. is the economy strong enough to support the market without fed help? jpmorgan's chief strategist tom lee weighed in on that on "squawk box." >> i think a few weeks ago investors would have been pretty concerned about the idea of taper because i don't think the data gave them economy was at a skate philosophy. friday's job report and some of the ones we've had recently investors are getting comfortable if it does happen in december. >> and mr. lee also said he is bullish on financials and large cap tech stocks. >> that brings us to seema moody. she is reporting on stocks that didn't fare so well in 2013. the big question here is, are they poised to take off in 2014 from dogs to stars? naming some
's imagine ten million people lose their jobs, we expect to fall off in spending. but the economy is certainly better today than it was in 2009, so -- >> i want to put dollars and cents to this. this is the difference in the cbo projected savings. they're projects $222 billion in a year from medicare and medicaid from this slowing of health care costs. the sequester is $87.9, and the cuts to food stamps is $23.8 billion. >>> i have been on twitter all day about this, they can't find a single positive thing to say about the law. literally it could bring people's health care costs down to zero, they could cure cancer, and conservatives would be shouting from the rooftops that it's a disaster. i think this california thing is hysterical. in part because it's the sort of natural conclusion of the republican panic about this. they vote in mass against the law even though it originated in republican ideas. they vote to try to repeal it unsuccessfully. the website they think will sink it, and then they just throw toilet paper at it. >> and in the absence of a website that wasn't malfunct
americas. our economy brightening somewhat for wealthiest, many americans falling behind. reality check, federal minimum wage is $7.25, but adjusted for inflation it's lower than it was in 1968 when lbj was president. there's a proposal in congress to raise federal minimum wage to $10.10. house republicans oppose it saying job growth. new jersey became the 20th state to join washington, d.c. raising the minimum wage above standard. contrast that with relatively good news, growth 3.6%. it is slightly misleading. most of the gains are because businesses stockpiling. it's a one-shot deal not because people are spendsing more showing growth and strength in the economy. weekly jobless claims did fall below 300,000, a positive indicator before the jobs report. cold comfort for americans protesting at 100 locations around the nation. >> fast-food workers say they have enough being stuck at the bottom. katy tur in brooklyn. >> reporter: many workers with fast-food jobs aren't teenagers, they are women over the age of 28. they say they can't support themselves or families off minimum wage. they
♪ >> unions take a hit. opec in disarray. wal-mart has a very good day and the economy slowing down or speeding up, which is it? good morning, everyone, there's a lot to deal with so here we go. detroit's unionized pensioners will see their benefits cut. watch out other american cities. frack, and floods the world with oil, and opec is split. what's a cartel to do? an on-line shopping binge rolls on. wal-mart had its best day ever. and stocks will open lower again? yeah, a big day. "varney & company" is about to begin. hi honey, did you get e toaster cozy? yep. got all the cozies. [ grandma ] th n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. every day we're working to and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. i
in jobs. does president obama deserve credit for improving the u.s. economy after a surprisingly strong employment report? i'm wolf blitzer. you're in "the situation room." >>> a ten-day mourning period is under way for one of the most influential leaders of our time. we're learning more about the final tributes to nelson mandela. stand by for that, and for my special conversation with the former president, bill clinton. he reveals a time when he and the south african president didn't see eye-to-eye but first, the breaking news we're following. >>> a brutal winter storm turns deadly. at least four people have been killed on icy roads in the southern u.s. we're seeing a dangerous mix of snow, sleet, freezing rain and bone-chilling cold, and it's creating hazardous conditions from texas to tennessee and beyond. now a one-two punch of weather misery is on the way, affecting both coasts from now through monday. we have team coverage beginning with our meteorologist jennifer gray at the cnn weather center. jennifer, what's going on? >> well, we are getting that one-two punch. we have this on
in america. people a little bit down on their luck in transitioning back into the economy, thinking, gosh, i could probably use a food stamp. well, it's the holiday spirit, republicans are getting into the holiday spirit this year, by oh, what the heck, let's attack the poor people and let's throw in the pope this time, too. leave it these guys, to slam the needy people in america. leave it to these guys to slam these folks just a couple weeks before christmas. [ whistling ] last night, bill o'reilly took his belittling of the poor to a whole new level. owe ri'reilly claimed that jesu might not be in favor of food stamps. >> the problem, as i stated, you're helping one group by hurting another group. and a bigger group. and so i don't know if jesus is going to be down with that. >> yeah, you don't know if jesus is going to be down with that. you know exactly what society was like some 2,000 years ago there, billo. oh, riley, he didn't stop there. he went on to say if you were on food stamps, it's your own fault. >> some of the people who don't have enough to eat, it's their fault they don't
't have employer exuberance. we have a couple of numbers to see for the rest of the economy. no, i'm waiting until the afternoon, we've seen a noon swoon the last five, six days in a row. if you want to buy going into the weekend, i'd say wait because we'll have a selloff mid day. stuart: there's a prediction. scott, you're killing me here. >> on a macro labor we'll wait on this taper talk, and there will be automatic selling when you hear the 10-year high. stuart: those are the 30 stocks that make up the dow jones industrial average, every single one in the green and that means they're all up this morning. right now, the overall, the dow is up 86 points, but again, we expect it to move higher than that. we've had some sky high predictions for apple stock this week. one guest said 700, another said, a thousand bucks a share. i can see that it's open $3 lower on otherwise up market today. but here is john layfield, fresh from the beach. apple, i know you follow it very closely, are you buying those sky high predictions? >> no, i'm not. i would buy the $700 prediction, i just don't t
that this is something that's so harmful to jobs to the economy and to the access of health care and quality of life. >> wish i had more time. we'll stay on it and watch closely. appreciate it. >> thank you. >> my next guest hacks into computer sites for a living. he's a white hat hacker. he says absolutely no security was built into the health care.gov website so your personal information may be at risk. so should you ever sign on? we'll get to it next. later -- >> a dangerous and growing inequality and lack of upward mobility that jeopardized middle class america's basic bargain that if you work hard you have a chance to get ahead. i believe this is the defining challenge of our time. >> class warfare is back. president obama attacking the success of hard-working americans. we'll explain what he wants to do now. plus he's out, done, finished. martin bashir offered his resignation after the despicable comments he made about governor sarah palin. we'll tell you what he said and what his reasoning is. plus senator rand paul, bob beckel and andrea tantaros on this busy night of news. hoo-hoo. hoo-hoo.
'll be right back. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. where their electricity comes from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ >>> okay. live look at capitol hill as the sun has yet to come up. here with us director of the earth institute, economist jeffrey sachs. we have sacks and rattner. >> heck of a "new york times" article, obviously the sort of things you've been talking about for so long. >> everyone is talking about them now. you know, we went for so long without discussing these realities now. everyone is opening their eyes. an
market is getting better, our economy is improving. we have doubled our production of clean energy, doubled our production of additional energy sources. we are on the brink of being as close to energy independent as any country our size could be in a very long time. we still have the best universities, the best researchers and scientists, the best workers on earth and the most innovative countries on earth and we're still the envy of the world and the one indispensable nation. so i continue to have great confidence in our capacity to solve our problems. there is a specific challenge that we've got, and that is a congress and this city, washington, that is gridlocked and spent too much time worrying about the next election and not enough time worrying about the next generation. and, you know, the solution to that is ultimately what was envisioned by our fathers and what jack kennedy understood as well and that's the american people. you know, we go through these periods where our politics gets all mixed up and sometimes we're nostalgic about the past. >> i am. >> i know you are. but
understand the connections of a complex, global economy. it's just one reason over 70% of our mutuafunds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. adam: yes, another icon of magazines has gotten back just as vennable name you thought had died is mounting a comeback in print. like horse buggies. horse whips. dennis kneale with all the news fit to print. dennis? >> "newsweek" back from the dead. venerable "newsweek" went out of print late last year. clinging to the online existence in the belly of "the daily beast". the beast is knew a small buyer. "newsweek" says run the presses it will be a print version next year, a shadow of a it former self, 64 pages. gets more money from subscribers than advertisers. with startling circulation of only 100,000. that is basically a small local newspaper for once venerated national magazine that peeked at 3 in.3 million subs in 1991. -- 3.3 million subs. iconic "new york" magazine, i
to unfold? >> the uncertainty is the plague on the economy. the fact businesses cannot plan health care or tax policy, i don't know their obligations, standing in the way of the progress of recovery by thwarting business at every turn. the economy may be turning around. it is not going to be where it should be, they refused to take the lead and help businesses. they are together, it is a shared responsibility and went businesses do their job and congress is not doing theirs, they had to start reading up on capitol hill with the hous housd senate and the protected. adam: oil is holding steady in today's trade, so the prices come too far, too fast? let's turn to phil flynn in the trading pits of the cme. explain, what happened. >> i don't know if it is so much wti came up too much, too fast, or the fact everybody was unwinding. the main feature was to buy brand, that with the trade going to the end of the year. now with supplies the u.s. at the highest level since the 1930s, production coming on and reversal of the keystone pipeline from pushing down is going to bring the spread back in.
, that economy is contracting and better pmis out of the u.k. the u.k. economy firing on all front at the moment. back to you. >> ross, thank you very much. again, ross westgate, we'll check in with you tomorrow. >>> retail, another holiday kickoff, it's come and gone. how did the retailers do. joining us is dana telsey. the reports that i've seen suggest this wasn't really a build. sales were actually down over the weekend. it makes you wonder if opening earlier on thursday is worth it for all of the big retail companies? >> it definitely seemed as if sales on thursday pulled from friday. even a little bit from over the weeken weekend. overall when speaking to retailers, low single digits is where the game was. >> so what does this mean? was this a mistake for them to open early like this? was this simply an issue that the retailers started talking about the holiday sales as early as november 1st i think in walmart's case? what happened here? >> i think that you basically had the promotions and all the advertising for it starting way before this thursday or friday of thanksgiving and black frid
with significant gdp recovery. connell: treating the economy like a crisis, talking about the recovery has been slow but not a crisis anymore and we need to get rid of this policy. >> the fed board in $3.5 trillion adding $85 billion a month. it is another trillion. and they did it in an environment where they were returning to normal behavior patterns. connell: the idea of being straightforward, absolutely, what happened? what is the follow-up? >> whether it is tech stocks, they go to an extraordinary level. bond prices go up because yields are coming down. you always get a warning at the end of the bubble, extraordinary reversal, and look at the bond markets, we just had that. at 1.7% on a ten year treasury, at an all lori: pace. after ben bernanke set i am worried about the pace of the interest rate, and climbing back up, all this money, inflation is inevitable, interest rates go up. and the bond bubble move, a bursting of the bubble, risk takers. and they are the ones that get hurt. connell: you are absolutely right, people have shifted their life savings to the bond market. interesting we
to face but on the other hand san jose is a major city with a diverse economy and a lot of resources to face the challenge with. adam: thank you very much. a reference on that is the morningstar report. that looked at municipal debt of cities throughout the country. thank you for coming to talk about this. won't end anytime soon. lori: detroit not alone working out the debt problems. lawmakers in illinois gearing up for a vote to close the state's $100 billion pension shortfall. the proposed plan includes raising the retirement age for workers younger than 45 and cutting retirement benefits. the plan is supportive of governor pat quinn and unions say they will sue if the legislation is passed. automakers were thankful for thanksgiving weekend, the big three posting monthly gains in november compared to this time last year. ford's november sales jumped 7%. gm notched 14% gain and big winner chrysler coming with a 16% sales increase. a slow month for auto sales manufacturers offer deals to capitalize on the holiday shopping season. adam: is now the time to get bullish? the biggest bear
have given this president so much power to control so much of our economy. i mean, one sixth of our economy. and the fact that he has failed, i think he has to be accountable for this. and -- >> well, mercedes, you're right. >> pr is not going to work for the president. >> mercedes, this is bad management, we have to hold the president accountable for what happened with that website. but that is not the whole story. the story is about trying to improve a health care problem. >> i am telling you, juan, mark my words, and i'll bet any amount for your charity of choice. you cannot fix this plan. it is unfixable. because it is predicated on the redistribution of wealth. the healthy will pay for the unhealthy and the insured. and you still have 30 million uninsured. >> did you tell president bush that about prescription drug benefits? >> yeah, i was against the prescription drug benefits -- >> and against social security, too? >> no, don't put words in my mouth. you're getting cranky, i see those gray hairs coming out. don't make fun of this gray hair, i worked hard for this. >> well, yo
did he say? >> he really was, wolf. you know, this was billed as a speech on the economy but as more and more details came out there are a couple of things that would emerge in his speech. he was sort of going back to his base trying to sort of enlivan what has been a dispirited liberal base of the democratic party. sort of disappointed with the way this rollout has occurred with the affordable care act. but at the same time, you know, white house officials say there was something substantive going on in this speech and that the president was talking about income inequality and that is something you're going to be hearing this president talk a lot about during the remaining three years he has in office. he's going to be talking about it in the state of the union speech, for example. he ticked off a number of things he would like to see happen over the next several months. one is a hike in the minimum wage. right now it's $725. he would like to see that around $10. he would also like to see extension of unemployment benefits. both those measures republicans are very cool to right now
these numbers are proof the economy is getting better. critics warn low unemployment means the federal government may cut back on economic stimulus which could force the stock market to take a hit. chris wallace is live on capitol hill, celebrating a milestone. chris has been doing "fox knossos" for ten years. hart to believe. we have been stuck with you for ten years. >> i hope it's not stuck. we're going to have a little piece at the end of the show on sunday, taking a look bat at the highlights and lowlights of the last ten years. i'm sure you feel this, shep, with your show. just amazing over the course of a decade who you get to talk to, where you get to go. the adventures you go on, and i'm so grateful to have had the opportunity. >> tell me the lowlights. >> you probably know most of those as well. you'll see them. the good, the bad, and some surprises along the way. >> what do you make of this business on current topics? >> well, you mean in terms of the unemployment rate? >> yes. >> you're exactly right. it's great news. 7%. 203,000 jobs created. the latest upgraded numbers fo
for the economy. melissa: do you have any idea roughly what percentage? because that's all the the complaint in the holiday season, people say there's great seasonal work, and, in fact, in our next segment we're talking about how people can really find jobs this time of year that turn out to be permanent. about how many do you think end up being permanent? >> i don't have a specific number percentage, and some of that will depend on our growth as we move into the year and the economy and demand for our services, but it has been consistent that seasonal positions turn into full-time positions for us for the past several years. melissa: we've seen a huge jump in online shopping. we saw that even this week as, you know, so many stores went out and opened on thanksgiving, and they did everything they could to get more shoppers into brick and mortar stores. black friday weekend. and still the number of shoppers out there and the amount of money they spent on foot, brick and hour tar, went down. do you see the pick beup in shipping? is all that moving online, or are people just shopping less? what
to action. we are a better country than this. the basic bargain at the heart of our economy has frayed. >> we are a better country than this. the president knows. because he's lived the american dream himself. >> i take this personally. i'm only here because this country educated my grandfather on the g.i. bill. my father left and my mom hit hard times trying to raise my sister and me while she was going to school, this country helped make sure we didn't go hungry. when michelle, the daughter of a shift worker at a water plant and a secretary, wanted to go to college, just like me, this country helped us afford it. until we could pay it back. so it drives me as a grandson, a son, a father, as an american is to make sure that every striving hard-working, optimistic kid in america has the same incredible chance that this country gave me. >> the same, the same incredible chance that this country gave him. it's a vision of fairness, jeopardized by a growing gap between rich and poor. look at this chart. this blue line shows the average income of the bottom 90% since 1960. in that time, the
coming over here and competing in the gobble economy. education is at the core of this and goes to connecting that bond that has been broken. >> you have all this evidence that's truly offensive. take the detroit pension ruling. so we know what the ruling was and we know what the effect may be on people's pensions. they will be cut. city employees, firefighters, no matter how the pension deal was cut years ago the pensions will be cut. but before the pensioners receive their pension who gets paid first? the bond holders, the banks, the big boys and then, then the pensioners will get paid. there's something just deeply flawed with what's been going on in this country and it's not one party or the other, it's the whole system and it's a couple of decades that it's been going on. >> there's a suspicion the people who have been having these massive hikes in their compensation packages are not reinvesting necessarily in job growth and productivity. they are actually -- it feels to a lot of americans on main street like funny money, it's getting recycled, reput into investment funds t
the internet of everything. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. >>> welcome back to "the lead." i'm jake tapper. time for the world lead. he was a global icon for peace and nonviolence and his memorial service is obviously tomorrow. it's on pace to rival anything we have seen in decades in terms of size and security presence. among the throngs of mourners flocking to johannesburg right now to bid farewell to nelson mandela are 91 heads of st
she will not hesitate. that is the only tool left for stability in the economy and economic growth is you print more money and print more money along with government spending more money. there is a limit to that and that is what i've been saying and i'm sure they can not solve our problems by doing the same thing that created our problem. melissa: congressman, we're out of time. will you come back because i want to talk to you more about that topic. we didn't have enough time on the fed. can you come back and do more with me. >> i will be glad to. melissa: thank you so much. >>> are you in the 20%? new report says one in five will become rich and powerful in our lives and these are people demanding organic groceries, vip lane at airport. does that sound like you? tweet me. tell me what you think. rise of new rich in today's "money talker." "who made money today." one guy made some cash just by taking a nap but it is not as pleasant as it sounds. "piles of money" coming right up reluctant to try new things. really? what's wrong withtrying new? look! mommy's new vacuum! (cat screech)
suppose? >> a farer economy. an economy that really meets our expectations of what the american dream should be. we've seen four decades of wage stagnation and it's because of unfair actionation, a tax on union and collective bargaining, unfair trade policies. and the net result has been so many hard working people cannot put food on the table based on what they're being paid. we see exorbitant types of bonuses where other people are getting $7.25. it's not fair. the united states is the richest country in the world. >> the government seems helpless to do anything about the wage gap in this country. there's a bill that would raise the minimum wage to 10 bucks an hour. you know that's a nonstarter. you guys are working a couple more days this year and then deal with the budget next year. there's not any time to push for a minimum wage bill. why not be honest about it and tell people now? >> we believe because where there's a will, there's a way. people need better pay. it's not for me to say because the odd are tough that we're not going to fight for it, we're going to fight for it any
never been stronger. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. on the table by not choosing the right medicare d plan. no one could have left this much money here. whoo-hoo-hoo! yet many seniors who compare medicare d plans realize they can save hundreds of dollars. cvs/pharmacy wants to help you save on medicare expenses. talk to your cvs pharmacist, call, or go to cvs.com/compare to get your free, personalized plan comparison today. call, go online, or visit your local store today. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it was a number. [ male announcer ] today, men with low t have androgel 1.62% testosterone gel. the #1 prescribed topical testosterone replacement therapy increases testosterone when used daily. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in
. >> the president's healthcare law continues to wreak havoc on american families, small businesses, and our economy. >> you got good ideas? bring them to me. let's go. but, we're not repealing it as long as i'm president. >> so does the pr obamacare have any shot of working pat buchanon joins us. >> good to see you, greta. >> somebody is really wrong. republicans, democrats have very different views of this law. >> what the president did was make the best case he could. there are individuals who have dreadful problems and medical conditions who have already been helped and their bills have been paid that otherwise would have bankrupted them. that's one case he made antidote after antidote, after antidote maybe four or five of them. secondly he says the republicans simply want to repeal this. they don't have any plan of their own. in a narrow sense that's ineffective little argument. trouble is in a macrosense obamacare is a debacle from beginning to end not only the web sites but what's happening at the far end with the insurance companies, people losing their policies. i think is he going to lose
citizens. let's not do that. >> this killing health benefits is shattering the economy all across the country, in all 50 states. >> of course there are death panels in there. the important thing to remember is that's just one aspect of this atrocious, unaffordable, cumbersome, burdensome, evil policy of obama's. and that is obama care. >> obama care is really, i think, the worst thing that has happened in this nation since slavery. and it is in a way, it is slavery in a way. >> howard, is this the evil empire speech reapplied to obama care? i mean, i've never heard the word evil used to many times. i love the way sarah palin is unbelievely delicious at this. she talks about and those death panels are in there. i love the way she says the death panels are in there somewhere. like they're creeping around inside. >> i mean, sam very rightly and logically said these people should stop because the president said, repeated today, and reminded them that he's going to be in office. he can veto anything. so they ought to calm down. but the fact is when you watch a few of those clips and wh
about klein because we know a lot of drops in sales have happened in china even though the economy there grew 8% in the third quarter. how does this impact the u.s. economy, as well? >> that's right. these are some of the most important companies to the u.s. economy. and already some are reporting their competitors in europe are stealing their business simply because these companies are able to say that they can offer better privacy protections and they don't have to help the sa snoop. microsoft's general counsel wrote in a blog post that customers won't use technology they don't trust. he says the government puts that trust at risk and the government has to help restore it, suzanne. >> evan, thank you so much. a lot of people are just thinking you can't -- there's no guarantee of privacy wherever you are. >> as i said, hardly the nsa but a lot of those companies have been accused of collecting plenty of data about us, as well. >> information. >> it's not the same thing about you. >> not altruistic. >> not at all. an american singer, check this out, not arab, nearly took the top pr
the thinking at the moment is the economy could be strong enough to handle it. >>> amc, it's all about that stock, a little popcorn, a little stock. amc theaters gearing up to go public at the new york stock exchange expected to happen at the end of the month and it will reward its most loyal 2.5 million customers, they have a chance to buy shares usually reserved for the big investors. in a letter from the company's ceo from jerry lopez, he says members of the amc stubs rewards program will be offered the same price as the big banks and large wall street institutions, meaning the little guy gets to buy the shares a day before they go public so finally, john, finally the little guy can get in on the action, just like the big guys. john? >> maybe a little hot buttered stock to go with your popcorn and movie. >> there you go. >> alison kosik, thanks so much, appreciate it. >>> checking some of the top story this is morning, american airlines and u.s. airway also officially become the world's largest airline today after the merger beat a number of legal challenges. the new company will be
a pr disaster and though the economy approved, much of main street is not feeling it. the white house will be able to turn public opinion around. >> it has been a tough patch and it's not just health care. the shut down affected everybody, but i think let's fast forward to the state of the union and months afterwards. a lot of people are signing up and economy continuing to strengthen. no wash shutdowns. people trust the president. i am confident the trust numbers will come up and his approval will come up. >> even plus benchmark for health care's success, we are not exactly ambitious. >> is may take until 2017 when the president leaves office. you will see almost every state running their own exchanges and expanding medicate. it will work well then. >> okay. the months ahead, democrats will point to examples of americans having success with the website. republicans will point to continued problems which they will make as personal as possible. something we saw on sunday. >> i have to grab the other day. his wife is expecting a baby at the end of december. they have a cancellation noti
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